Sims Metal Management Named One of the Global 100 Most Sustainable Corporations in the World for Fifth Consecutive Year

2013-01-23 19:35 ET - News Release

SYDNEY, Australia and NEW YORK, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Sims Metal Management (the "Company") has been designated as one of the Global Top 100 Most Sustainable Corporations for the fifth consecutive year. The list, compiled by sustainable business publication Corporate Knights, was announced at the 2013 World Economic Forum in Davos, Switzerland.

Sims Metal Management ranked number 15 on the worldwide rankings. The Global 100 rankings recognizes companies that consistently demonstrate superior leadership and performance on a range of environmental, social and governance policies relative to their industry peers. Companies on the list are considered better equipped than their competitors to thrive and succeed in the long-term due to the sustainable and fully integrated approach used to manage their businesses.

Group Chief Executive Officer Dan Dienst commented, "It is a great honour to be included for the fifth year on the Global Top 100 Most Sustainable Corporations list. This would not have been possible if not for the contributions of our 6,600 hardworking people at our 270 facilities across the globe. We have remained committed to our mission of doing well by doing good. We do not believe the two are mutually exclusive. Instead, we believe that business success in the 21st century is predicated on the successful integration of sustainability into every aspect of what we do as a company, from protecting the environment, keeping our people and facilities safe, respecting the communities in which we live and operate, and focusing on energy efficiency. All of these initiatives have a direct relationship on the creation of value for our shareholders."

Criteria used in compiling the Global Top 100 Most Sustainable Corporations list include ethical and responsible decision-making, recognizing the interests of stakeholders, respecting the rights of shareholders, and communication with customers, investors, regulators and policymakers. Taken together, the Corporate Knights ranking determines the Company's position as a leading sustainable enterprise in the world, both environmentally and from a stakeholder perspective.

Sims Metal Management was added as a component of the Dow Jones Sustainability Index World in September 2012 and has been listed in RobecoSAM's Anniversary Edition of the Sustainability Yearbook 2013, the world's most comprehensive publication on corporate sustainability.

About Sims Metal Management

Sims Metal Management is the world's largest listed metal recycler with approximately 270 facilities and 6,600 employees globally. Sims' core businesses are metal recycling and electronics recycling. Sims Metal Management generated approximately 88 percent of its revenue from operations in North America, the United Kingdom, Continental Europe, New Zealand and Asia in Fiscal 2012. The Company's ordinary shares are listed on the Australian Securities Exchange (ASX:SGM) and its ADRs are listed on the New York Stock Exchange (NYSE:SMS). Please visit our website (www.simsmm.com) for more information on the Company and recent developments.